Introduction to Buying Module
The Buying module in ERPNext is designed to manage procurement processes and optimise supplier relationships.
- Requests for Quotation (RFQs) : Evaluate quotations from suppliers to make informed purchasing decisions.
- Supplier Management : Maintain detailed records of suppliers, including contact details, terms, and performance metrics.
- Purchase Orders : Create and track purchase orders to ensure timely and accurate order fulfillment.
- Purchase Invoices : Process and manage invoices from suppliers, including payment handling.
- Stock Management : Update inventory levels and manage stock replenishment.
The Buying module helps businesses streamline their procurement activities, control purchasing costs, and strengthen supplier relationships.